Since many commercial properties are held by limited liability corporations or limited partnerships, it is important to understand the tax consequences at the individual investor level. Individuals face different tax rates depending on the level of their taxable income. As of 2016, an individual making between $91,151 and $190,150 would fall into which of the following tax brackets?

Question

Quizplus · Accepted Answer

According to the 2016 tax brackets, an individual making between $91,151 and $190,150 would fall into the 28% tax bracket. Therefore, the correct answer is option C.

Since Many Commercial Properties Are Held by Limited Liability Corporations